Powered by: Motilal Oswal
03-10-2023 10:30 AM | Source: Swastika Investmart Ltd
Energy: Day trend is indicating Downtrend in Crude oil & Natural gas - Swastika Investmart
News By Tags | #473 #2911

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel

COMMODITY OUTLOOK

DAILY COMMODITY MARKET UPDATES

NEWS IN HEADLINE

* Oil prices held back by weak Chinese data, hawkish Fed signals

* Factbox-Biden budget to target U.S. fossil fuel subsidies

* Gold prices pinned near 2023 lows as Fed fears persist

 

CHART OF THE DAY

SILVER:

SIVLER is witnessing the bounce back and manages to hold its 200 SMA; however, 62500 is an immediate and minor hurdle; above this, we can expect a short covering move towards critical resistance of 63000-63200 zone. While below 61600 it may head towards 61300-61000.

 

OUTLOOK:

* Bullion: Day trend is indicating to sideways to upside in Gold &Silver.

* Energy: Day trend is indicating Downtrend in Crude oil & Natural gas

* Base metals: Day trend is indicating Downtrend in all base metals.

 

To Read Complete Report & Disclaimer Click Here

 

Please refer disclaimer at https://www.swastika.co.in/disclaimer
SEBI Reg. No. :  NSE/BSE/MSEI: INZ000192732

 

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer